Former Tiny executive Jeremy Giffon discusses founder career preparation on My First Million, arguing against taking standard corporate jobs before launching a startup.
Prediction Not checkable as stated
Giffon: Creator Equity Will Massively Exceed Ad and Sponsorship Revenue
“And I think every person with an audience will eventually, the money that they make from equity in a business that they own will massively dwarf the money that they make from ad rates or sponsorship reads.”
Opinion
Giffon: Regulatory Compliance Software Is Resilient Against AI Disruption
“And they're also, like, fairly AI resilient, I think, because it's really, again, it's like medical stuff, it's really high downside, so you don't wanna, like, trust it with AI, and then it turns out you weren't in compliance, and you're gonna get a huge fine,…”
Insight
Giffon: Holding Companies Distract Talented Investors From Pure Capital Allocation
“For most investors, that is a completely conscious skill. Like if you're a good investor, the last thing you should be doing when you meet a great investor, you're not thinking, oh, you'd be a great as the CEO of a 1200 person company. You know, like generally…”
Insight
Giffon: High Liquidation Preferences Can Render $10M ARR Startups Completely Worthless
“You can have a business that's doing ten million dollars a year of revenue and growing 30% a year, but maybe it raised 40 or fifty million dollars. And such that like The founder is probably not going to make any money because the pref stack is so high. And th…”
Insight
Giffon: Creator Audiences Are Still Underpriced Relative to Equity Value
“And because the broad thesis is that these audiences are still super underpriced, basically. That the equity you're giving up is you'll be more than compensated for. And I think that'll last for quite a long time.”
Insight
Giffon: Successors Almost Always Have a 20-Year Age Gap With Predecessors
“So if you're within 20 years of the founder or the number one person in the organization, You're almost always going to be a guy. And if you think of like all the great firms or even, you know, companies where someone has become the new number one, there's alm…”